Applied Industrial Technologies, Inc. reported a net income of $100.8 million for the quarter ending September 30, 2025, reflecting a 9.5% increase from $92.1 million in the same period last year. The company's revenue rose to $1.2 billion, a 9.2% increase compared to $1.1 billion in the prior year, driven by acquisitions that contributed $69.7 million to sales. The gross profit margin improved to 30.1%, up from 29.6% in the previous year, while operating income also increased to $129 million, representing a 14% rise from $113.2 million.
The financial performance was bolstered by the company's strategic acquisitions, including Hydradyne, which added $66.6 million in sales and $4.4 million in net income during the quarter. The Service Center segment saw a sales increase of $32.7 million, while the Engineered Solutions segment experienced a more significant rise of $67.9 million, primarily due to the contributions from recent acquisitions. The company also noted a slight decline in the manufacturing capacity utilization index, which could impact future demand for its products.
Operationally, Applied Industrial Technologies maintained a workforce of 6,794 employees, a slight decrease from 6,837 at the end of June 2025. The company operated 594 facilities across various regions, including the U.S., Canada, and several countries in Central and South America. The company’s cash and cash equivalents increased to $418.7 million from $388.4 million at the end of the previous quarter, while total assets rose to $3.2 billion, up from $3.2 billion.
Looking ahead, the company anticipates continued growth driven by strong demand in the Service Center segment and the successful integration of recent acquisitions. The management expects the effective tax rate for the fiscal year to be in the range of 23% to 24%. Despite some economic uncertainties, Applied Industrial Technologies remains optimistic about its operational strategies and market positioning, aiming to leverage its acquisitions and enhance its service offerings in the industrial sector.
About APPLIED INDUSTRIAL TECHNOLOGIES INC
Applied Industrial Technologies, Inc. is a leading distributor and technical solutions provider specializing in industrial motion, power, control, and automation technologies. With over 9.2 million products, including bearings and fluid power components, the company serves diverse markets in North America and beyond. Key initiatives focus on enhancing service capabilities, expanding automation solutions, and leveraging industry trends like reshoring. Applied aims to optimize customer operations while addressing critical supply chain needs.
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